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The introduction of the quarter-hourly intraday auction in 2014 for the German market confirms a tendency towards short-term energy markets. The reason for the new market was the need to trade shorter periods than just hours a day-ahead to minimize open positions in the more volatile continuous intraday trading. The increased production capacity of solar power boosted this requirement for new short-term...
This paper gives a solution to the question on how much secondary control reserve (SCR) should be offered from a hydro power storage from the perspective of a generator. We compare revenue and costs and derive the economically reasonable amount of SCR. The cost side is calculated using a hydro power storage scheduling optimization program. The income side is determined by a model that optimizes the...
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